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Bank switching, made clearer.

See the offers we track and check the requirements before you switch.

Need to set up additional Direct Debits? See the monthly prices and how setup works.

Compare switch offers

Check before you switch.

New Direct Debits can take up to seven working days for their first payment to confirm. Setup alone doesn’t prove a bank offer’s requirements are met. Some banks exclude subscriptions or require a previous collection.

Check the bank’s current terms and closing date before applying. We don’t earn commission from these links.

first direct

1st Account

£210

Reviewed 1 November 2026

Check the bank’s terms for the latest details.

2 Direct Debits or standing orders

The main requirements are:

  • transfer 2 Direct Debits or standing orders through a full switch
  • within 45 days: pay in £1,000, make at least 5 debit card payments and use digital banking

No monthly account fee

Eligibility and exclusions

New first direct customers only. Opening an HSBC current account on or after 1 January 2018 excludes you. Check the full terms.

Check first direct’s full terms

Lloyds

Eligible Club Lloyds / Premier accounts

£200

Reviewed 1 November 2026

Check the bank’s terms for the latest details.

3 Direct Debits

The main requirements are:

  • move 3 active Direct Debits in a full switch to a new qualifying account
  • open the account and start your switch by 9 December 2026

Monthly fees may apply; check the chosen account

Eligibility and exclusions

Lloyds’ FAQ excludes subscriptions and requires a previous collection for a Direct Debit to be active. Do not assume Select Correct qualifies. Switches from Halifax or Bank of Scotland and previous group switch bonuses since January 2023 are excluded.

Published closing date: 9 December 2026.

Lloyds excludes subscriptions in its FAQ. Check directly before relying on Select Correct.

Check Lloyds’s full terms

NatWest

Select account

£200

Reviewed 1 November 2026

Check the bank’s terms for the latest details.

No Direct Debits required for this bonus

The main requirements are:

  • complete a full switch from an eligible bank
  • within 60 days of switching, pay in £1,250 (leave it for 24 hours) and log in to the mobile app

No monthly fee for Select

Eligibility and exclusions

No previous NatWest Group switching bonus. You must not have held a NatWest current account on 6 May 2026. RBS and Ulster Bank switches are excluded. Read the full terms.

Check NatWest’s full terms

Nationwide

FlexDirect, FlexAccount or FlexPlus

£175

Reviewed 1 November 2026

Check the bank’s terms for the latest details.

2 Direct Debits

The main requirements are:

  • move at least 2 Direct Debits from a non-Nationwide/non-Virgin Money account
  • complete the full switch within 28 days. Pay in £1,000 and make 1 debit card payment within 31 days of opening/applying to switch

FlexPlus has a monthly fee; compare account costs

Eligibility and exclusions

Previous eligible Nationwide switching bonuses can exclude you. Joint accounts receive one bonus. Check the bank’s full eligibility rules.

Check Nationwide’s full terms

Before starting a switch

Check your Direct Debits appear on the account you’re switching from, and that any required payments have been collected. Then check the bank’s pay-in, spending, previous-customer and deadline rules. A cash bonus is never guaranteed.

Read the full switching checklist · Compare MoneySavingExpert’s wider guide